{"data":{"id":"us-nv/nrs-87.4348","jurisdiction":"us-nv","citation":"NRS 87.4348","heading":"Liability of dissociated partner to other persons.","body":"1. A partner’s dissociation does not of itself discharge the partner’s liability for a partnership obligation incurred before dissociation. A dissociated partner is not liable for a partnership obligation incurred after dissociation, except as otherwise provided in subsection 2.\n2. A partner who dissociates without resulting in a dissolution and winding up of the partnership business is liable as a partner to the other party in a transaction entered into by the partnership, within 2 years after the partner’s dissociation, only if the partner is liable for the obligation under NRS 87.433 and at the time of entering into the transaction the other party:\n(a) Reasonably believed that the dissociated partner was then a partner;\n(b) Did not have notice of the partner’s dissociation; and\n(c) Is not deemed to have had knowledge under subsection 5 of NRS 87.4327 or notice under subsection 3 of NRS 87.4349.\n3. By agreement with the partnership creditor and the partners continuing the business, a dissociated partner may be released from liability for a partnership obligation.\n4. A dissociated partner is released from liability for a partnership obligation if a partnership creditor, with notice of the partner’s dissociation but without the partner’s consent, agrees to a material alteration in the nature or time of payment of a partnership obligation.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 87 - PARTNERSHIPS","UNIFORM PARTNERSHIP ACT (1997)","Dissociation of Partner When Business Not Wound Up"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-087.html#NRS087Sec4348","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"c12e31cc82c15456b7a6200d951f226b7e1946a7a369aab30d2beedf142eaabe","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-87.4347","next":"us-nv/nrs-87.4349"},"notice":"GroundRules: Original legal text. Not legal advice."}